Welcome to the 547+/- Acre Option of Hamilton Reserve Ranch. This amazing Hill Country ranch is only 15 minutes from Hill Country Galleria/Bee Caves, Lakeway and Dripping Springs and only 35 minutes to downtown Austin. HR Ranch resides in Lake Travis ISD, exemplary schools all within minutes of the gated entry. This is a fantastic opportunity for an incredible full-time residence, a very close-in recreational, hunting, or livestock ranch, or a phenomenal getaway. COMMERCIAL USES ALLOWED, INCLUDING: VENUES, LODGES, RETREATS, AND OTHER HOSPITALITY. THIS IS NOT A DEVELOPMENT PROPERTY. Offering panoramic vistas, Hill Country views, excellent tree coverage, strong spring fed creek, along with multiple building sites, there is nothing like this with close-in proximity to Austin. The ranch is a total of 738 +/- acres but offered as two separate ranches as well. Ranch 1 is 191+/- acres at 4.995 million. Ranch 2 is 547+/- acres and is offered at 14.995 million. The ranch in its entirety is offered for $18.95 million. There is a very thoughtful conservation easement in place that allows for regular recreational, hunting, and livestock activities. There are three building envelopes allowed. For a total of 40 acres across the ranch. No development allowed. This is strictly being marketed as a Ranch opportunity. As stated above some creative commercial opportunity does exist including: Venues, Lodges, Retreats, and other Hospitality. Family compounds, barns, pools, stables, arenas, equipment barns, toy barns, livestock etc. are allowed. The property is bordered on the east by Preservation Ranch, a very high-end gated ranch community of 20+ acre tracts selling for $2 million to $3 million each (land only). To the north is Sweetwater, a master planned community accessed off Highway 71. Beyond to the west are some of the most beautiful and expensive Hill Country Ranches in central Texas. This is a rare and incredible opportunity for a Ranch this close-in. Additional information available upon request.